Salt Lake City Bankruptcy Attorneys
What Alternatives Do I Have?
Discussing your alternatives is always a good idea, as there are a considerable amount of options and factors that you must be aware of in deciding whether to file for bankruptcy, whether to file under Chapter 7 and Chapter 13 and what consequences this will have in regards to your home. At the Stone Law Firm, it is our goal to help you make a decision that will be best for you right now and in the long run. We welcome you to contact a Salt Lake City bankruptcy attorney at our firm for a free initial consultation, so you can find out what we have to offer and what to expect in regards to bankruptcy.
In general, there are usually only two viable alternatives to bankruptcy:
- Negotiating a global settlement, or
- Negotiating a payment plan with creditors.
If there is an option to do so, it is almost always a better idea to attempt to negotiate a settlement. The reason is that it is easier to eliminate a negative credit history from your credit report than to eliminate a bankruptcy. A bankruptcy may remain on your credit report for up to 10 years.
Discuss Your Case with a Salt Lake City Bankruptcy Lawyer
If you would like to explore your options and possible alternatives to bankruptcy, we recommend that you consult a lawyer at our firm as soon as possible. You should be aware that there are plenty of schemes out there and people who may try to take advantage of you even when you are in this serious financial situation. By discussing your case and bankruptcy with a Salt Lake City bankruptcy lawyer at our firm, you will get the honest advice you need and a legal professional you can count on. Our team is dedicated to helping our clients – and this includes advising against bankruptcy if this is truly the best option.
At the Stone Law Firm, we represent clients throughout all of Salt Lake City, Provo and Ogden, Utah. Contact a Salt Lake City bankruptcy attorney at our firm to discuss your alternatives to filing for bankruptcy.